How to Keep Your Financial and Personal Records Safe

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Hurricanes, floods, fires, terrorist attacks — the list of possible disasters is endless. Should something catastrophic and unforeseen happen to your home, are your financial records and personal information safe? For most people, the answer is “no.”

Think about all the things you could lose in something as common as a house fire: Your tax returns, your passport, your birth certificate, your computer, your check book, your bank statements, your credit cards, your insurance paperwork, and even your cash. But without all these things, how will pay your bills, buy food and clothing, or even rebuild your finances and your … Read the rest

How to Protect Yourself From Investment Scams

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As American consumers feel the pinch of a tight economy, many are looking for faster ways to make money and save for retirement. Unfortunately, such a mindset opens the door for investment scams, which are currently on the rise in terms of quantity and variety.

Those who fall prey to investment scams often lose much more than what they would have put into a typical investment. Many are cheated out of their life savings, insurance payments, and even equity out of their homes. To make matters worse, regulators are usually unable to protect the victims after they have been “taken” … Read the rest

Do REITs Make Sense for Your Portfolio?

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By now you should have heard the word “REIT” in the investment world, but you may be wondering what one is and how it works.

First, realize that REITs (Real Estate Investment Trusts) are not new. They’ve been around for more than 45 years. However, it has only been since the 1990s that REITs have gained popularity. From the end of 1992 to the middle of 2001, the size of the REIT industry has increased almost tenfold. But, according to the Institute of Business and Finance*, the REIT industry has only captured 10% of the $3.5 trillion commercial real estate … Read the rest

Are You Open to Greater Potential Investment Return?

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Consider a closed-end mutual fund.

If you’re actively saving for your retirement, chances are you may have a few mutual funds working for you. And most likely, they’re the typical open-end mutual funds, as these are the ones which are advertised and marketed the most. But did you know there’s another type of mutual fund available that can also produce competitive returns? It’s called a closed-end mutual fund, and it can offer great opportunities for investors.

Unlike the traditional open-end mutual fund, which issues an unlimited number of shares, a closed-end mutual fund issues only a limited number of shares. … Read the rest